Mr. Speaker, as the hon. member opposite knows or should know, if he has been paying attention the last 12 weeks or so, we have gone through a period of protracted economic slowdown. This is a global slowdown. It is a serious economic slowdown for the world.
Canada is not an island, but, fortunately, we are well prepared because we took actions from 2006-07, reducing taxes and spending on infrastructure being increased, all of which was voted against by the Leader of the Opposition and those Liberals on the other side.